US Solar Market Sets Another Growth Record!

March 12, 2014 at 8:00 AM


Deep Chakraborty

Co-founder and CEO at ENACT SYSTEMS INC (and former CEO of Fremont-based CentroSolar America)

The massive growth story for solar continues. The Solar Energy Industries Association just published the market results for Q4 2013, that suggests another record-shattering year. Solar PV installations increased 41 percent over 2012 to reach 4,751 megawatts – this was 15 times the market in 2008! The residential market was 792MW, almost twice the level in 2012 and 10 times the market in 2008. So the market is just beginning to take off.

Solar was the second-largest source of new electricity generating capacity in the U.S., exceeded only by natural gas. That’s right, 29% of all new generating capacity in the US was solar in comparison to coal at 7% and wind at 8%. The U.S. installed 2,106 megawatts in the fourth quarter alone, 44 percent of the annual total. This makes Q4 2013 by far the largest quarter in the history of the U.S. market, surpassing the second-largest quarter by 60 percent. In fact, more solar has been installed in the U.S. in the last eighteen months than in the last 30 years prior.

California continues to lead the U.S. market, accounting for more than half of all U.S. solar installed in 2013. In fact, the state installed more solar last year than the entire United States did in 2011. And prices continued to fall, another 15% drop in 2013 vs. 2012.  

So what does this mean going forward? First, solar is going mainstream. For a long time, analysts and politicians have debated on the future of this renewable energy product, but these are over. Consumers are making their verdict clear: they seek energy cost savings and a sustainable planet.  

Second, electric utilities will need to move quickly in how they adapt to the changing grid footprint. The California utilities are already setting an example through various initiatives. With more electric cars getting onto the grid, which in turn breeds even more solar usage, the entire distributed-grid movement will require all national utilities to take on a more pro-active role in helping consumers and businesses save money, while making the planet more sustainable.


This blog was orginally published in full on enACT blog

Tags: Solar, enAct
Category: Fremont

We invite you to share your comments. Please check out our social media comment policy.

(Your email will not be publicly displayed.)

Captcha Code

Click the image to see another captcha.


Welcome to our blog – Takes from Silicon Valley East!  Our view is slightly different here on the east side of the bay – from the Mission Peak backdrop to the advanced manufacturing companies that dot our boulevards. As we become more urban and strive to interpret the business issues affecting our innovation economy, we want to share with you our observations, insights, photos, arguments, agreements, inspirations and CEO interviews – and here on our blog is exactly where we plan to do this.

Tag Cloud

East Bay EDAKamal ObeidLAM ResearchFUSENadine Nader10th Happiest CityWarm Springs/South Fremont BART Station AutoLauren HelperIMCPthe GOOD City Index Fred DiazdowntownVergePublic Private PartnershipsAlameda Workforce Investment BoardIndustrialTim TranLabor DayJohn CabecaICSCMichael HowaldtFremont MarriottFremont, Manufacturing, onshoringNISTGrowthNew YearChristine HertzogOnshoringGreenBiz.ComSandy OberleSolar CityGreen BusinessSmart CityPlanningSJCJeff AndersonBusinessBlogsFood TrucksNUMMIGrace KarrNo. 10SeagateFavoriteQ&AKQEDBioMed NetworkWattz OnSilicon ValleydB ControlAsia SocietyTransportationSan FranciscoSan Francisco Business TimesApartmentsRetentionBay Area Green Business ArdenwoodNumber 1The Crossings at 880PatentsLife SciencesInnovation ScorecardTeslaApraeGary SchlossbergKen LeeState of the Valley IndexEVSolarChristina BriggsAcademic Coreinternet, IOT, marketing, product roadmapLeroy LeKid RockSouth FremontSpicely OrganicsRealtorBrent PearseCNMINorthCATRetailStreet EatsSuper BowlULIMakers edReal EstateUSPTOTrade ExpoTom SteyerOur Favorite BlogsSeafoodJessica von BorckPatrice BirkedahlArchitectureYear in ReviewITGenZeBill BrowneOfficeSolyndraASIRK GroupRestaurantsNerdwalletApplied SpectraNorm HugesModel-X The TeamCECHousingPatti CastroLennarPacific CommonsOhlone CollegeCivic CenterLandtechManufacturing DayJob SeekerBicycling Happy Holidays James C. Davis OpportunityOn The RiseManufacturingTMC FinancingKurt ChamblissClimate Action PlanFree WirePatrick DempseyUrban VisionManfacturingPrologisWomen CEOsDetroitBARTMark SchmidtWarm SpringsVTAGridscapeOorja2015Overton MooreDeveloperObamaThailand PrincessTimur Tecimer GOODNew Year Prediction Part twoTrademarkBusiness Q&ASeries: HardwareLeasingSoamsawali MahidolUrbanSan Francisco 49erFuture Is BrightMark DanajeventsMen's WearhouseInnovation AwardsMeasure GSteve TuttBioIntThermoFisherFreewireHurricane ElectricP5GigafactoryBlack FridayIndiaState of the CitySercurityBiotechnologyLeydenInvestment ProfileMens WearhouseentrepreneursAlameda CountyMayorBusiness FriendlyEnergy storageRoyal HighnessAdvanced IndustriesAnu NatarajanInnovationPlanet MagpieBlissScoreStartupsFTZBrookingsFDICOur FavoriteVipul GoreJeff SchwobSan Jose State Alter-GMFG DayVentureBatteriesEnergyBay AreaTransitHappiest Mid-Size Cities 2013IncubationChinese New YearHigher Ed, Warm Springs, Education, Ardenwood, Devry, NPU, Ohlone, University, CollegeLarry CarrYesim ErezBill HarrisonFremont ResidentHardwareSensiba San Filipposmall business, development, permitsWaterICSC AllianceDelta ProductsAaron GoldsmithCity Government CommunicationsRepostMade in The Bay AreaPacific Commons, VestarWarren AveParagon ApartmentsNovaTorqueDigital RealtyQuicken LoansCommunityAirportTrade MissionConstructionOverton Moore PropertiessustainabilityBrookings InstituteLou HoffmanHeitmanWhole FoodsBryan JonesenActDeep ChakrabortyBusiness Appreciation2015 Predictions Part 1Wells FargoCoworking SpaceDMcFeelyJennifer ChenExperience ElectricKim MarshallElevator PitchChevron Energy Solutions BiomedicalHoffman AgencyMike RaabCliff NguyenWorkforceFremont Street EatsSilevoClean Tech OpenRaul SaavedraOpen City Hall, Innovation, FremontHightechProspectSVCharging StationsDavid McFeelyHunter's Point5th Best City for Job HunterTop Silicon Valley CityDemolitionNew Year'sCut the CrabCleantechMasterplanInfographicAlomreshoringAdvanced ManufacturingGeorgetownDBL InvestorsRuss HancockTindieLithium SoraaThink Silicon ValleyRonbow24/7 Wall StreetInnovation DistrictHappinessWashington WestSatellite OfficeStrategically UrbanEast Bay Biomedical Manufacturing NetworkJoint Venture Silicon ValleyExpansionSanta ClaraStart upsClean TechWallet HubCareerBlissKaren BurnsHome EleganceMVROPNancy PfundPoliceMad MenPoshmarkSurplus supplies RestaurantDeVry UniversityEconomic DevelopmentFremontUrban LivingCommunity PlanCalChargeCaliforniaRankingJennifer Duarte Auto MallBoehringer Ingelheim Kelly KlineLegislative EventBest Run CityFurnitureEconomic DevelpomentHoliday 2014State of the ValleyFootballBatteryCEOFremont Chamber of CommerceSmart Grid LibraryWarm SpingsManexEricaGiesRachel DiFrancoClimateEvolveWork Space FremontVerge ConferenceMeasure BBBAKRStanfordMartha AmramIncentivesForecast